![]() While biofuels have attracted a great deal of interest among the public, press and policy makers, renewable chemicals represent another major opportunity to commercialize industrial biotechnology in existing markets, at lower capital costs, and with potentially higher returns. ![]() Industrial biotech represents the third wave in biotechnology, following innovation in the health care and agricultural sectors. In most cases, industrial biotech tools allow industry to develop new industrial manufacturing processes that are cleaner and better for the environment with reduced economic costs. But the evolution of our ability to manipulate microbial genomes has revolutionized the field of biotechnology and produced a rapid increase in innovation for industrial uses. Mankind has been using microbial processes for producing foods and other goods since Neolithic times. ![]() Microbes, microorganisms, enzymes and their genetic engineering form the basis of a suite of technologies and processes that a diverse group of companies, researchers and scientists are seeking to develop for commercial use. Industrial biotechnology encompasses the application of biotechnology-based tools to traditional industrial processes (“bioprocessing”) and the manufacturing of bio-based products (such as fuels, chemicals and plastics) from renewable feedstocks.
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